Simon Letch
In both reports, the cut-off point for SMSFs being competitive with APRA funds on either a cost or performance basis is $200,000. Below this number, they fall by the wayside. So, it seems fair to assume that $200,000 has become the de facto threshold to establish an SMSF – and potential trustees would be well advised to keep this figure in mind.
With this profile, ASIC believes they have the interest, willingness and time to actively manage their SMSF trustee responsibilities, as well as having a strong surplus cash flow. The couple appreciates that specialist knowledge is required to manage their diversified investment portfolio, and therefore may need to engage their adviser on an ongoing basis.
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